other material
confidence high
sentiment positive
materiality 0.55
Nuvera Communications repurchases 150,000 shares for $3.1875M, obtains CoBank consent
Nuvera Communications, Inc.
- Purchased 150,000 shares at $21.25 per share for total of $3,187,500 in two February 2022 transactions.
- Stock purchase required lender consent from CoBank due to credit facility limits; consent letter signed Feb 11, 2022.
- Buyback was authorized by board; partially utilized previous $4M repurchase plan that expired Dec 31, 2021.
- Prior to this, only ~$500,000 of the $4M plan had been used through end of 2021.